An NRO non-PINS account should be opened if,
- NRI want to use income from India to invest in Indian equity market
- NRI who wish to trade in F&O, a CP code is required
- Investment held through non-repatriable NRO account
- Less regulatory intervention as transactions are not reported to RBI
- No maximum investment limit on NRO no-PIS account
- Apply for IPOs permitted on both NRE or NRO no-PIS account
- Invest in mutual funds (Not allowed to Canada and USA based NRIs)
